Walgreen’s (WAG) made big news after spending $6.7 billion to buy 45% of Alliance Boots.  This acquisition doesn’t make sense to me unless Walgreen’s eventually ends up buying the whole company.  I understand that this acquisition should help the combined companies lower procurement costs, but it also increases the risks by doubling down on retail...Read More

Walgreen (WAG) is acquiring a 45 percent stake in the U.K. drugstore chain Alliance Boots for $6.7 billion. The stated purpose of this acquisition is to gain global scale but I don’t think the timing is very good.  Alliance Boots traded at distressed levels a couple of years back do to a large debt load,...Read More